KBA Posts Profit for 2009, Targets Modest Sales Increase in 2010

Solid finances support innovation
Credit lines totalling some €100m from private banks safeguard liquidity until March 2012. Thanks to its financial stability and fast turnaround following the loss in 2008 KBA has needed no state guarantees or loans from the German Economic Fund. The world’s oldest press manufacturer is drawing on its own resources to complete its realignment to new market realities. And notwithstanding its rigorous cutbacks in expenditure, KBA again invested almost 5% of its total turnover in R&D. And as in previous years it outranked its German and foreign rivals in national and international patent statistics.